XML 142 R14.htm IDEA: XBRL DOCUMENT
v3.24.1

Property and Equipment | 12 Months Ended
--- | ---
Dec. 31, 2023
Property and Equipment [Abstract] |
PROPERTY AND EQUIPMENT | NOTE 5:- PROPERTY AND EQUIPMENT Property and equipment, net, consisted of the following:
|  | December 31, 2023 |  |  | December 31, 2022 |
Plant and equipment |  | $ | 4,973,191 |  |  | $ | 4,263,662 |
Computer equipment |  |  | 125,695 |  |  |  | 163,060 |
Furniture & fixtures |  |  | - |  |  |  | 29,492 |
Processing machines (Miners) |  |  | 102,984,186 |  |  |  | 103,337,719 |
Modular data center |  |  | 25,449,717 |  |  |  | 19,713,534 |
Motor Vehicles |  |  | 199,246 |  |  |  | 326,704 |
Transformers |  |  | 9,843,359 |  |  |  | 8,886,576 |
Low-cost assets |  |  | 998,815 |  |  |  | 995,292 |
Assets under construction |  |  | 4,764,051 |  |  |  | 11,592,582 |
Leasehold improvements |  |  | 487,527 |  |  |  | 487,527 |
Total |  |  | 149,825,787 |  |  |  | 149,796,148 |
Less: Accumulated depreciation |  |  | (92,085,496 | ) |  |  | (54,489,966 | )
Reclassification to assets held for sale |  |  | - |  |  |  | (4,289,684 | )
Property and equipment, net |  | $ | 57,740,291 |  |  | $ | 91,016,498 |
The Company incurred depreciation and amortization expense in the amounts of $38.08 million and $63.20 million for the years ended December 31, 2023 and 2022, respectively. There were no impairment charges for the year ended December 31, 2023. There were impairment charges recognized for processing machines of $5.45 million for year ended December 31, 2022. These assets were disposed of as part of the sale of the Georgia site to CleanSpark Inc.

X
- References No definition available. + Details
Name: | us-gaap_PropertyPlantAndEquipmentAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for long-lived, physical asset used in normal conduct of business and not intended for resale. Includes, but is not limited to, work of art, historical treasure, and similar asset classified as collections. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 360 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//360/tableOfContent Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Name Accounting Standards Codification -Section 50 -Paragraph 6 -SubTopic 360 -Topic 958 -Publisher FASB -URI https://asc.fasb.org//1943274/2147480321/958-360-50-6 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (d) -SubTopic 360 -Topic 958 -Publisher FASB -URI https://asc.fasb.org//1943274/2147480321/958-360-50-1 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Name Accounting Standards Codification -Section 50 -Paragraph 7 -SubTopic 360 -Topic 958 -Publisher FASB -URI https://asc.fasb.org//1943274/2147480321/958-360-50-7 + Details
Name: | us-gaap_PropertyPlantAndEquipmentDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration